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168
that the Charity Commissioners had paid over their con.
tribution of £12,000, and that the Council had agreed to
purchase the property, subject to certain Leases existing, or
to be granted, for £50,925, and the day named for completion
was 26th April, 1892, as the Act provides that the
sum to be provided by the Council shall not exceed £18,000,
It will be seen from the following statement that the
Council will require the maximum contribution of £20,000
from this Vestry:—
Contributions.
Charity Commissioners £12,000
London County Council £18,000
Vestries.
Camberwell 20,000
Lambeth 500
St. George-the-Martyr, Southwark 250
Newington 250
£51,000
Leaving a balance of £75, available towards stamp duty
and expenses estimated at £365.
The Vestry determined to apply to the Council for a
Loan for the sum of £20,000, repayable with interest by
48 Annual Instalments, being the sum authorised to be
contributed by this Vestry towards the purchase of land
for the extension of Peckham Rye Common by the London
County Council (General Powers) Act, 1891.